The current employment rate is 74%, the highest since records began in 1971.

Figures also out Wednesday show pay is growing slower than forecast. Here's the ONS (emphasis ours):

Comparing the 3 months to November 2015 with the same period in 2014, real AWE (total pay) grew by 2.1%, compared with 2.4% in the 3 months to October. Nominal AWE (total pay) grew by 2.0% in the three months to November, while the CPI rose by 0.1% in the year to November.